5SPY.L vs. 3SPY.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and 3SPY.L (Leverage Shares 3x Long US 500 ETP Securities) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past 3 years, 5SPY.L returned 55.62%/yr vs 41.45%/yr for 3SPY.L. With a 0.97 correlation, they move nearly in lockstep. 5SPY.L charges 0.75%/yr vs 0.01%/yr for 3SPY.L.
Performance
5SPY.L vs. 3SPY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 5SPY.L achieves a 35.46% return, which is significantly higher than 3SPY.L's 24.05% return.
5SPY.L
- 1D
- 0.00%
- 1M
- 22.23%
- YTD
- 35.46%
- 6M
- 35.04%
- 1Y
- 119.12%
- 3Y*
- 55.62%
- 5Y*
- —
- 10Y*
- —
3SPY.L
- 1D
- -0.24%
- 1M
- 13.51%
- YTD
- 24.05%
- 6M
- 23.76%
- 1Y
- 71.75%
- 3Y*
- 41.45%
- 5Y*
- —
- 10Y*
- —
5SPY.L vs. 3SPY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 35.46% | 1.52% | 98.06% | 100.80% | -52.48% |
3SPY.L Leverage Shares 3x Long US 500 ETP Securities | 24.05% | 12.38% | 63.74% | 58.23% | -41.50% |
Correlation
The correlation between 5SPY.L and 3SPY.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2022 | 0.97 |
The correlation between 5SPY.L and 3SPY.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
5SPY.L vs. 3SPY.L — Risk / Return Rank
5SPY.L
3SPY.L
5SPY.L vs. 3SPY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 3x Long US 500 ETP Securities (3SPY.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 5SPY.L | 3SPY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.72 | +1.05 |
| Martin ratioReturn relative to average drawdown | 9.39 | 3.54 | +5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 5SPY.L | 3SPY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.31 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.40 | -0.35 |
Drawdowns
5SPY.L vs. 3SPY.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, which is greater than 3SPY.L's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and 3SPY.L.
Loading charts...
Drawdown Indicators
| 5SPY.L | 3SPY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -56.70% | -26.16% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -41.60% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -56.70% | -15.85% |
Current DrawdownCurrent decline from peak | -2.73% | -7.32% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -50.64% | -20.29% | -30.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 20.20% | -7.56% |
Volatility
5SPY.L vs. 3SPY.L - Volatility Comparison
Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) has a higher volatility of 15.12% compared to Leverage Shares 3x Long US 500 ETP Securities (3SPY.L) at 8.54%. This indicates that 5SPY.L's price experiences larger fluctuations and is considered to be riskier than 3SPY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 5SPY.L | 3SPY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 8.54% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 23.30% | +16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 54.40% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.23% | 51.91% | +26.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.23% | 51.91% | +26.32% |
5SPY.L vs. 3SPY.L - Expense Ratio Comparison
5SPY.L has a 0.75% expense ratio, which is higher than 3SPY.L's 0.01% expense ratio.
Dividends
5SPY.L vs. 3SPY.L - Dividend Comparison
Neither 5SPY.L nor 3SPY.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, 5SPY.L and 3SPY.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 3SPY.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3SPY.L is cheaper with a 0.01% expense ratio, compared with 0.75% for 5SPY.L.
Their fees differ too: 0.75% for 5SPY.L and 0.01% for 3SPY.L.
Find the right allocation for 5SPY.L and 3SPY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer